Word: budgeteering
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Dates: during 1970-1979
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...fields that have long been at the heart of the profession: housing, transportation, community development, environment, land use, regional development. Others go into less traditional planning areas such as health planning. And a number of our graduates bring their planning skills to non-traditional jobs as policy and budget analysts and program managers. For example, four members of this year's graduating class have just been named Presidential Management Interns in a national competition to identify able young people for a "fast-track" in the federal civil service. Society clearly benefits from having well-trained professionals with strong analytic skills...
Brown's main assumption is that a balanced budget will automatically raise investment. It's a fallacious premise. The underlying problems of the American economy, including inflation, have little to do with the spending habits of government. While there is certainly room for improvement in policy, particularly in the coordination of monetary and fiscal measures, there is little that any President can do to stem the rising costs of food and fuel, the sectors pushing up costs and creating permanent inflationary pressure. These commodities are in short supply, and a growing, developing world will demand more and more of them...
...spend more, not less; to subsidize the turnover of older, less world-competitive industries that can still operate profitably in the protected domestic market, like steel, or to encourage research and innovation. NASA is a prime example of an effective technology-producing government agency that is highly susceptible to budget-slashing. Yet it is in such advanced technology as computers and electronics that our greatest comparative advantage lies...
Cutting back on government spending may not make economic sense for other reasons. It is highly possible that the principal effect of a balanced budget--a recession of aggregate demand--would serve only to decrease investment in the U.S., as recessions historically do, without lowering the world or domestic rate of inflation permanently or appreciably. Any decline in social services for education is also a decrease in investment in human capital. The further deterioration of the established cities of the northeast will bring economic costs in policing, replacing, or repairing them, to say nothing of the potential waste in people...
...urban groups--labor, blacks, and old-fashioned liberals--within his party. Brown has no room to maneuver on Carter's right without becoming a Republican. His inaugural address as Governor, in which he joined some 20-odd state legislatures in calling for a constitutional amendment for a balanced budget, greatly displeased the leadership of the AFL-CIO. He hurried to mollify them, unsuccessfully, at their gathering in Miami. If Brown has visions of wooing the Jarvis vote, he should consider who is more likely to foot the bill for a Democratic primary campaign against an incumbent--Orange County...